Murata Manufacturing Inc. $MRAAY Stock Position Lowered by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management cut its Murata Manufacturing position by 56.4% in the second quarter, selling 709,086 shares and retaining 547,502 shares valued at approximately $19.2 million.
• Citigroup upgraded Murata Manufacturing from “Hold” to “Strong Buy,” contributing to the stock’s overall “Buy” consensus rating among analysts.
• Murata exceeded quarterly expectations, reporting $0.14 EPS and $3.15 billion in revenue, above estimates of $0.12 EPS and $2.97 billion in revenue; analysts expect about $0.58 EPS for the current fiscal year.

Azimuth Capital Investment Management LLC decreased its position in Murata Manufacturing Inc. (OTCMKTS:MRAAY - Free Report) by 56.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 547,502 shares of the company's stock after selling 709,086 shares during the period. Azimuth Capital Investment Management LLC's holdings in Murata Manufacturing were worth $19,193,000 at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Murata Manufacturing from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Murata Manufacturing currently has an average rating of "Buy".

Murata Manufacturing Stock Performance

Murata Manufacturing stock opened at $23.29 on Friday. The firm has a market cap of $85.16 billion, a PE ratio of 49.55 and a beta of 1.60. The firm's 50 day moving average price is $25.43 and its two-hundred day moving average price is $21.05. Murata Manufacturing Inc. has a twelve month low of $8.24 and a twelve month high of $38.72.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Equities analysts anticipate that Murata Manufacturing Inc. will post 0.58 EPS for the current fiscal year.

Murata Manufacturing Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company's product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.

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